"No action" process likely to remain unchanged at CFTC

Commodity Futures Trading Commission (CFTC)'s recent
approval of contracts from two foreign exchanges through the
so-called "no action" letter process is further proof that the
regulator will not try to extend its jurisdiction to non-US
countries.

Two foreign exchanges, Mexican Derivatives Exchange (MexDer)
and Hong Kong Futures Exchange (HKFE), were both given no
action letters over the past three weeks by CFTC. The approvals
would allow them to offer the Mexican Stock Exchange index or
IPC and the FTSE/Xinhua China 25 Index and Hang Seng China
Enterprises Index (see story p4) on each respective
exchange.